Henkel to Sell Sealants for Insulating Glass Business
Tuesday March 28, 1:41 pm ET
Henkel Technologies to focus on core business
DUSSELDORF, Germany/GULPH MILLS, Penn., March 28 /PRNewswire-FirstCall/ -- Henkel signed an agreement today to sell its business with sealants for the manufacture of insulating glass to the American company H.B. Fuller. The insulating glass sealant business became part of Henkel as part of the 1991 Teroson acquisition. It is a non-core technology within the portfolio of Henkel Technologies, focused on the European market.
The agreement on the sale of the business was signed on March 28. The transaction is subject to outstanding closing conditions, including the requisite antitrust approvals. With H.B. Fuller being active in the field of adhesives and sealants for insulating glass in the U.S., a strategic partner was found who is able to offer a good long-term perspective to the business sold.
"With this divestment we separate from a business not belonging to our core activities", says Jochen Krautter, Executive Vice President Henkel Technologies. "The increasingly globalized operations of our worldwide industrial customers require us to focus on our core businesses."
"Henkel -- A Brand like a Friend."
Henkel is a leader with brands and technologies that make people's lives easier, better and more beautiful. Henkel, a Fortune Global 500 company, operates in three strategic business areas -- Home Care, Personal Care, and Adhesives, Sealants and Surface Treatment. In fiscal 2005 Henkel generated sales of 11.974 billion euros. More than 50,000 employees work for Henkel worldwide. People in approximately 125 countries around the world trust in brands and technologies from Henkel.
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